Nature of Business	9 Months Ended
Sep. 30, 2015
Nature of Business
Nature of Business	2.Nature of Business. Trans World Corporation, a Nevada corporation, and Subsidiaries are engaged in the gaming and hotel business in the Czech Republic (“CZ”) and Germany (“DE”). The Company owns and operates three casinos in the CZ, all under the registered brand American Chance Casinos (“ACC”). The Ceska casino (“Ceska”), located in the town of Ceska Kubice, in the western part of the CZ, close to the German border, currently has 15 gaming tables and 100 slot machines. The Route 55 casino (“Route 55”), located in Dolni Dvoriste, in the southern part of the CZ, close to the Austrian border, currently has 23 gaming tables and 138 slot machines. The Route 59 casino (“Route 59”) is located in Hate, near Znojmo, also in the southern part of the CZ, close to the Austrian border, and currently has 21 gaming tables and 144 slot machines. In addition to the above gaming operations, TWC also owns and operates a 77-room, four-star deluxe hotel, the Hotel Savannah, which is physically connected to its Route 59 casino, and a full-service spa, the Spa at Savannah (the “Spa”), which is operated by an independent contractor and is attached to the hotel. The hotel features eight banquet halls for meetings and special events as well as a full-service restaurant and bar. On September 10, 2014, TWC, through its Czech subsidiary, TWH&E, acquired all of the partnership interests of a private family partnership that owned the Hotel Columbus, a four-star 117-room hotel (the “Hotel Columbus”) located in Seligenstadt, near Frankfurt, Germany. The Hotel Columbus features five meeting rooms, a restaurant and separate breakfast room, each with its own kitchen, two bars, a 32-space parking garage and 27 surface lot parking places, including a satellite parking area located across the street from the Hotel. Hotel Columbus was acquired, in part, with a local 15-year commercial bank loan from Bank Sparkasse Langen-Seligenstadt (the “Sparkasse Seligenstadt Loan”), of €3,600, or $4,032 at the September 30, 2015 exchange rate, with a fixed interest rate of 3.1% for the first ten years, to be followed by a prevailing market-based fixed interest rate for this type of loan for the remaining term of the loan. See also Note 5 “Purchase Price Allocation” below for more details. On June 16, 2015, TWHG acquired 100% of the partnership interests in the general partner and limited partner that owned the Hotel Freizeit Auefeld, a 93-room four-star hotel with extensive meeting space and recreational amenities located in Hannoversch Münden (“Hann. Münden”), Germany. The hotel features three food and beverage outlets, ten meeting rooms, an adjoining 13,000 square foot event hall, and an adjoining tennis complex with four indoor courts; several additional recreation areas; an independent townhouse comprised of one four-room and one six-room apartment. See Note 6 “Acquisition and Purchase Price Allocation — Hotel Freizeit Auefeld” below for more details.

2.Nature of Business.

Trans World Corporation, a Nevada corporation, and Subsidiaries are engaged in the gaming and hotel business in the Czech Republic (“CZ”) and Germany (“DE”).

The Company owns and operates three casinos in the CZ, all under the registered brand American Chance Casinos (“ACC”). The Ceska casino (“Ceska”), located in the town of Ceska Kubice, in the western part of the CZ, close to the German border, currently has 15 gaming tables and 100 slot machines. The Route 55 casino (“Route 55”), located in Dolni Dvoriste, in the southern part of the CZ, close to the Austrian border, currently has 23 gaming tables and 138 slot machines. The Route 59 casino (“Route 59”) is located in Hate, near Znojmo, also in the southern part of the CZ, close to the Austrian border, and currently has 21 gaming tables and 144 slot machines.

In addition to the above gaming operations, TWC also owns and operates a 77-room, four-star deluxe hotel, the Hotel Savannah, which is physically connected to its Route 59 casino, and a full-service spa, the Spa at Savannah (the “Spa”), which is operated by an independent contractor and is attached to the hotel. The hotel features eight banquet halls for meetings and special events as well as a full-service restaurant and bar.

On September 10, 2014, TWC, through its Czech subsidiary, TWH&E, acquired all of the partnership interests of a private family partnership that owned the Hotel Columbus, a four-star 117-room hotel (the “Hotel Columbus”) located in Seligenstadt, near Frankfurt, Germany. The Hotel Columbus features five meeting rooms, a restaurant and separate breakfast room, each with its own kitchen, two bars, a 32-space parking garage and 27 surface lot parking places, including a satellite parking area located across the street from the Hotel. Hotel Columbus was acquired, in part, with a local 15-year commercial bank loan from Bank Sparkasse Langen-Seligenstadt (the “Sparkasse Seligenstadt Loan”), of €3,600, or $4,032 at the September 30, 2015 exchange rate, with a fixed interest rate of 3.1% for the first ten years, to be followed by a prevailing market-based fixed interest rate for this type of loan for the remaining term of the loan. See also Note 5 “Purchase Price Allocation” below for more details.

On June 16, 2015, TWHG acquired 100% of the partnership interests in the general partner and limited partner that owned the Hotel Freizeit Auefeld, a 93-room four-star hotel with extensive meeting space and recreational amenities located in Hannoversch Münden (“Hann. Münden”), Germany. The hotel features three food and beverage outlets, ten meeting rooms, an adjoining 13,000 square foot event hall, and an adjoining tennis complex with four indoor courts; several additional recreation areas; an independent townhouse comprised of one four-room and one six-room apartment. See Note 6 “Acquisition and Purchase Price Allocation — Hotel Freizeit Auefeld” below for more details.